Webull Review 2025: Advanced Tools and Premium Perks

What we like about Webull

Webull stands out for its low trading costs, advanced trading tools, user-friendly mobile app and premium perks.

Low trading costs

Webull has some of the lowest fees in the industry, including no minimum deposits or inactivity fees, zero commissions on stocks, ETFs and equity options and no equity option per-contract fees. Its margin rates top out at 8.74% as of May 2025 for Webull Standard and drop as low as 4.65% for Webull Premium, several points below most other brokers. Webull Premium also reduces futures and index option commissions.

Advanced trading tools

Webull’s trading tools are more comparable to big brokers than those offered by other mobile-first trading platforms. It offers a free desktop platform, web-based trading and a fully-featured mobile app that includes advanced market insights, detailed charting analysis, customizable tools and filters and technical resources.​

Here are some of the tools you can use to trade with on Webull:

• Watchlists
• Advanced charts with drawing tools and on-chart technical indicators
• Paper trading simulator
• Screeners
• Options chains
• More than 10 order types
• Customizable tools and filters
• Level 2 quotes through Nasdaq TotalView ($2.99 per month subscription required)
• Educational videos

User-friendly mobile app

Webull offers a powerful mobile app that lets you manage your portfolio on the go. Stay across positions and consolidate watchlists, analyze charts and place orders. Create your own screener and monitor what you want by market cap, prices, percent changes, volume, turnover rates and listing dates. Monitor data in two primary market tabs: United States and Global.

Webull Premium

Webull Premium costs $3.99 per month or $40 per year when you pay annually and offers enhanced benefits and financial tools, including higher cash sweep rates, an IRA match and an advanced data package. Webull Premium features include:

• Higher APY on uninvested cash. Earn 4.1% APY, compared to 3.6% for non-subscribers with net account values exceeding $25,000, and 0.50% APY for balances below that threshold.
• IRA match. Earn a 2.5% IRA contribution match and a 3% IRA transfer match.
• Discounted margin rates. Get 3.79% off margin rates.
• Discounted index options commissions. Get $0.10 off index options commissions.
• Discounted futures commissions. Get $0.25 off futures commissions.
• Free real-time data. Get free Level 2 and OPRA real-time data.

Where Webull falls short

Webull is one of the most feature-rich trading apps I’ve reviewed, but it has a couple drawbacks to know about:

• Need the separate Webull Pay app to trade crypto. Webull no longer offers crypto trading on its main platform through which it offers access to stocks, ETFs, options and its other investment options. To trade crypto with Webull, you’ll need to open a separate account with Webull Pay. It’s a minor inconvenience that you can no longer trade all your assets through a single platform but it’s worth mentioning.
• Level 2 data fee. After one month free, you’ll need to pay $2.99 per month for Level 2 data access.
• Robo-advisor fee. Though it’s lower than other robo-advisors that charge an annual fee, you’ll need to pay a 0.20% annual advisory fee for Webull’s robo-advisor, Smart Advisor.
  

  Webull’s fees

  Type of fee	Fee details
  Minimum deposit	$0
  Webull Smart Advisor annual fee	0.20%
  Webull Premium	$3.99 per month or $40 per year when paid annually
  Stock trade fee	$0
  Option trade fee	$0
  Crypto trade fee (through Webull Pay	100-basis point spread to buy and sell
  Inactivity fee	$0
  Level 2 Advance data fee	$2.99 per month
  Margin rate	8.74%
  Wire transfer and withdrawal	$8 per deposit, $25 per withdrawal
  Outgoing account transfer fee	$75

  Is Webull legit?

  Webull is a legitimate US-based fin-tech company founded in 2017. Webull is owned by Fumi Technology, a Chinese holding company. However, it’s registered with the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

  Webull’s platform is also considered safe and secure. According to Webull’s privacy policy, it “uses reasonable, industry standard security measures to protect information” and regularly conducts audits of its system. Through its SEC, FINRA and SIPC memberships, brokerage customers are insured up to $500,000 for securities, with a $250,000 limit for cash, if Webull becomes insolvent.

  Customer experience

  BBB accredited	No
  BBB rating	C
  BBB customer reviews	1.25 out of 5 stars, based on 28 customer reviews
  Trustpilot score	1.4 out of 5 stars, based on 286 customer reviews
  Apple App Store Score	4.7 out of 5 stars, based on 315 customer reviews
  Google Play Score	4.5 out of 5 stars, based on 199 customer reviews
  Customer reviews verified as of	06 May 2025

  Webull’s customer feedback across the major review sites are largely negative. Common complaints center around poor customer service and troubles withdrawing money. However, it’s worth mentioning that Webull has not claimed its Trustpilot profile and several negative reviews seem to be discussing an entirely different company. Likewise, satisfied customers refute some of the negative reviews, praising Webull’s customer service, withdrawal ease and interface.

  What do people on Reddit say?

  Reddit’s r/Webull users have mixed feelings about the platform. They like the free trading, intuitive app and strong charting tools, but many complain about technical glitches, slow customer service and concerns over order execution and Webull’s Chinese connections. Day traders are especially vocal about issues, though it’s still popular for cost-conscious investors.

  Compare Webull to other platforms

  

  Webull

  9.4 Excellent

  Go to site

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  Available asset types

  Stocks, Bonds, Options, ETFs, Futures, Money market funds

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  Stock trade fee

  $0

  ---

  Minimum deposit

  $0

  ---

  Signup bonus

  Get 20 free fractional shares

  

  SoFi Invest®

  9 Excellent

  Go to site

  ---

  Available asset types

  Stocks, Options, Mutual funds, ETFs, Alternatives

  ---

  Stock trade fee

  $0

  ---

  Minimum deposit

  $0

  ---

  Signup bonus

  Get up to $1,000 in stock

  

  OPTO

  7.2 Great

  Go to site

  ---

  Available asset types

  Stocks, ETFs

  ---

  Stock trade fee

  $0

  ---

  Minimum deposit

  $0

  ---

  Signup bonus

  Earn up to $300

  Frequently asked questions

  How many Webull accounts can I have?

  Webull allows each customer to have two different individual accounts. For example, a customer can have a margin account and a cash-type account.

  When does Webull stock market open?

  Trade with Webull before and standard market hours:

  • Pre-market: 4 a.m. to 9.30 a.m. ET
  • Regular market hours: 9.30 a.m. to 4 p.m. ET
  • After hours sessions:4 p.m. to 8 p.m. ET

  How does Webull make money?

  Webull makes money several ways, including through payment for order flow (PFOF), stock loans, interest on free credit balances and margin interest.
  

  How do I close my Webull account?

  Webull allows you to close your account from both its mobile app and desktop. Expect your account closure to be processed within 1-3 business days. In the mobile app, go to the Menu page, click Settings then Account & Security. Scroll down to Delete account and follow instructions. From the desktop, log into your account, click on Manage my account, then delete account and follow instructions.

  How we rate trading platforms

  ★★★★★5/5 — Excellent

  ★★★★★ 4/5 — Good

  ★★★★★ 3/5 — Average

  ★★★★★ 2/5 — Subpar

  ★★★★★ 1/5 — Poor

  We analyze top online trading platforms and rate them one to five stars based on factors that are most important to you. These factors include fees, securities available for trade, customer support, customer feedback, platform resources and overall reliability.

  For a complete breakdown of how we score each category, read the full methodology of how we rate trading platforms.